New York City Townhouse Market Report
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- Edwina Chapman
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1 New York City Townhouse Market Report First Half 2006
2 Townhouses prices rose throughout Manhattan over the past year, led by a 25% increase in the median price Downtown to $4,250,000. On the East Side, the median townhouse price was 10% higher than during the first half of 2005 led by a record setting $40 million sale on Fifth Avenue. The Northern Manhattan market continued to show strong growth, as its median price of $950,000 was 23% higher than a year ago. There were not enough West Side townhouse sales for a valid comparison. MANHATTAN Median Sales Price East Side Downtown Northern Manhattan 1st Half 05 $5,400,500 $3,400,000 $775,000 1st Half 06 $5,962,500 $4,250,000 $950,000 % Change 10% 25% 23% Median Price per Square Foot Median Square Footage $1,310 $1,447 $1,133 $952 $1,113 $1,135 $264 $321 4,208 4,227 3,486 3,345 3,090 3,141 $1,500 6,000 5,000 $1,200 4,000 $900 3,000 $600 2,000 $300 1,000 1st Half 05 1st Half 06 1st Half 05 1st Half 06 This report includes only 1-4 family dwellings without commercial space. Only closed sales where deeds have been recorded at the Office of the City Register, or sold by Terra Holdings are included in this analysis. 2 First Half 2006
3 EAST SIDE Generally 59th to 96th Street, Fifth Avenue to the East River Street/Avenue * Date Sold Price SqFt ** Price PSF Elevator Between Fifth Ave. East 64th Street 5/22/06 $6,750,000 4,836 $1, x x N & Madison Ave. Between Madison Ave. East 65th Street 6/15/06 $15,772,324 12,326 $1, x x Y & Park Ave. East 80th Street 2/24/06 $9,960,000 5,205 $1, x x Y Between Park Ave. East 61st Street 4/7/06 $9,900,000 5,700 $1, x x Y & Lexington Ave. East 62nd Street 6/2/06 $5,325,000 3,693 $1, x x N East 63rd Street 1/27/06 $4,586,062 3,200 $1, x x N East 70th Street 3/28/06 $22,625,000 6,400 $3, x x Y East 78th Street 3/3/06 $8,500,000 4,816 $1, x x Y Between Lexington Ave. East 70th Street 1/6/06 $7,300,000 5,896 $1, x x N & Third Ave. East 71st Street 6/23/06 $9,500,000 6,545 $1, x x N East 74th Street 6/23/06 $6,550,000 3,600 $1, x x N East 82nd Street 1/24/06 $4,600,000 3,420 $1, x x N East 95th Street 1/20/06 $4,600,000 3,456 $1, x x N Between Third Ave. East 61st Street 4/17/06 $4,950,000 4,600 $1, x x N & Second Ave. East 62nd Street 1/20/06 $3,500,000 3,854 $ x x N Between Second Ave. East 69th Street 4/25/06 $5,375,000 2,880 $1, x x N & First Ave. East 69th Street 5/12/06 $2,800,000 2,160 $1, x x N East 69th Street 5/17/06 $3,150,000 2,880 $1, x x N Between 81st Fifth Avenue 3/22/06 $40,000,000 19,400 $2, x x Y & 82nd Street First Half
4 WEST SIDE Generally 59th to 110th Street, Hudson River to West of Fifth Avenue Street/Avenue * Date Sold Price SqFt ** Price PSF Elevator Between Columbus Ave. West 85th Street 6/28/06 $2,950,000 3,740 $ x x N & Amsterdam Ave. West 95th Street 1/23/06 $2,563,000 2,660 $ x x N West 95th Street 1/18/06 $4,325,000 3,400 $1, x x N Between Broadway West 92nd Street 5/22/06 $5,200,000 3,240 $1, x x N & West End Ave. Between West End Ave. West 84th Street 1/12/06 $5,700,000 5,180 $1, x x N & Riverside Dr. MIDTOWN Generally 43rd Street to 58th Street Street/Avenue* Date Sold Price SqFt ** Price PSF Elevator Between Third Ave. East 48th Street 6/20/06 $7,000,000 3,772 $1, x x Y & Second Ave. Between First Ave. East 57th Street 2/24/06 $5,500,000 5,000 $1, x x N & Sutton Place 4 First Half 2006
5 DOWNTOWN South of 43rd Street Street/Avenue * Date Sold Price SqFt ** Price PSF Elevator Chelsea West 15th Street 3/24/06 $4,850,000 5,200 $ x x N West 21st Street 3/9/06 $6,050,000 6,548 $ x x N West 24th Street 3/21/06 $4,250,000 3,500 $1, x x N West 24th Street 4/26/06 $3,820,000 3,360 $1, x x N East Village East 10th Street 3/31/06 $4,250,000 3,225 $1, x x N Gramercy Park East 26th Street 4/17/06 $2,465,000 3,080 $ x x N East 30th Street 4/24/06 $4,250,000 3,780 $1, x x N Second Avenue 1/24/06 $2,400,500 2,880 $ x x N Greenwich Village Washington Place 4/24/06 $5,500,000 4,636 $1, x x N West 10th Street 2/22/06 $5,300,000 5,470 $ x x N Lower East Side Broome Street 1/24/06 $2,800,000 2,872 $ x x N East Broadway 2/8/06 $3,120,000 3,100 $1, x x N Murray Hill/Kips Bay East 31st Street 5/9/06 $3,045,500 2,972 $1, x x Y East 35th Street 6/16/06 $6,550,000 8,000 $ x x Y East 35th Street 4/28/06 $3,475,000 3,920 $ x x N East 38th Street 4/14/06 $3,200,000 1,824 $1, x x N Noho Bleecker Street 5/30/06 $3,500,000 2,976 $1, x x N Nolita Spring Street 3/29/06 $2,300,000 2,070 $1, x x N Soho Thompson Street 1/19/06 $6,336,000 4,560 $1, x x Y Tribeca Reade Street 6/7/06 $7,700,000 6,800 $1, x x Y West Village Bank Street 6/15/06 $15,000,000 6,000 $2, x x N Bank Street 5/26/06 $12,000,000 14,920 $ x x Y Bedford Street 2/28/06 $5,600,000 1,512 $3, x x Y Charles Street 4/21/06 $4,400,000 2,880 $1, x x N Charles Street 5/15/06 $6,000,000 4,471 $1, x x N Perry Street 5/8/06 $6,950,000 2,660 $2, x x N West 11th Street 2/10/06 $3,500,000 3,345 $1, x x N West 11th Street 2/28/06 $3,500,000 1,350 $2, x x N West 12th Street 3/15/06 $7,300,000 3,624 $2, x x N West 12th Street 3/22/06 $3,995,000 1,803 $2, x x N First Half
6 NORTHERN MANHATTAN Generally North of 96th Street on the East Side, and 110th Street on the West Side Street/Avenue * Date Sold Price SqFt ** Price PSF Elevator East Harlem East 116th Street 4/11/06 $1,500,000 3,672 $ x x N East 117th Street 3/16/06 $625,000 4,470 $ x x N East 118th Street 5/26/06 $825,000 2,960 $ x x N East 118th Street 1/9/06 $625,000 2,960 $ x x N East 126th Street 3/23/06 $950,000 2,934 $ x x N East 127th Street 3/2/06 $424,000 4,380 $97 17 x x N Hamilton Heights/ Convent Avenue 5/5/06 $2,200,000 5,756 $ x x N Sugar Hill Convent Avenue 3/15/06 $3,890,000 5,071 $ x x N Harlem Edgecombe Avenue 4/5/06 $507,500 3,744 $ x x N Fifth Avenue 6/1/06 $2,395,000 2,960 $ x x N West 119th Street 5/23/06 $925,000 4,680 $ x x N West 121st Street 5/16/06 $2,200,000 3,560 $ x x N West 121st Street 4/28/06 $1,795,000 3,712 $ x x N West 122nd Street 1/27/06 $1,425,000 3,600 $ x x N West 123rd Street 2/6/06 $1,364,750 3,840 $ x x N West 126th Street 2/3/06 $1,350,000 3,154 $ x x N West 126th Street 3/28/06 $680,000 2,548 $ x x N West 126th Street 2/24/06 $1,270,000 2,754 $ x x N West 129th Street 3/9/06 $1,250,000 2,064 $ x x N West 131st Street 6/15/06 $341,617 1,977 $ x x N West 131st Street 5/15/06 $701,000 3,128 $ x x N West 136th Street 1/19/06 $463,856 2,688 $ x x N West 136th Street 1/18/06 $504,048 2,625 $ x x N West 137th Street 4/21/06 $1,300,000 4,110 $ x x N 6 First Half 2006
7 NORTHERN MANHATTAN Generally North of 96th Street on the East Side, and 110th Street on the West Side Street/Avenue * Date Sold Price SqFt ** Price PSF Elevator Harlem West 138th Street 2/1/06 $2,251,500 3,732 $ x x N West 139th Street 4/12/06 $800,000 2,886 $ x x N West 139th Street 6/14/06 $1,515,000 3,544 $ x x N West 140th Street 3/10/06 $1,300,000 3,000 $ x x N West 141st Street 4/6/06 $640,000 2,238 $ x x N West 146th Street 5/24/06 $1,824,175 4,000 $ x x N West 148th Street 4/11/06 $925,000 3,328 $ x x N West 148th Street 4/27/06 $820,000 2,646 $ x x N West 152nd Street 3/6/06 $1,775,000 2,925 $ x x N Inwood Adrian Avenue 1/27/06 $534,600 1,856 $ x x N Mount Morris Park West 123rd Street 2/15/06 $2,200,000 6,000 $ x x N Washington Heights Washington Terrace 1/20/06 $650,000 2,040 $ x x N Washington Terrace 5/12/06 $375,000 2,040 $ x x N West 158th Street 2/9/06 $1,650,000 3,416 $ x x N West 159th Street 5/9/06 $600,000 3,480 $ x x N West 162nd Street 3/29/06 $1,500,000 3,952 $ x x N West 173rd Street 4/14/06 $950,000 2,817 $ x x N First Half
8 BROOKLYN Street/Avenue * Date Sold Price SqFt ** Price PSF Brooklyn Heights Columbia Place 6/6/06 $1,800,000 1,820 $ x x Hicks Street 1/3/06 $4,350,000 3,880 $1, x x Joralemon Street 1/27/06 $2,400,000 3,192 $ x x Joralemon Street 3/13/06 $2,850,000 4,408 $ x x Middagh Street 5/5/06 $2,395,000 2,881 $ x x Orange Street 5/8/06 $2,275,000 2,840 $ x x Willow Street 6/9/06 $4,650,000 4,000 $1, x x Willow Street 2/15/06 $4,495,000 2,500 $1, x x Carroll Gardens 2nd Street 2/27/06 $975,000 1,020 $ x x rd Place 2/13/06 $1,545,000 3,600 $ x x rd Place 6/26/06 $1,360,000 1,952 $ x x rd Place 3/14/06 $1,730,000 2,500 $ x x Carroll Street 3/6/06 $2,450,000 4,020 $ x x Carroll Street 3/17/06 $999,000 2,280 $ x x Hoyt Street 3/16/06 $950,000 2,310 $ x x President Street 4/28/06 $1,605,000 2,500 $ x x President Street 2/28/06 $1,550,000 3,656 $ x x Sackett Street 6/8/06 $1,850,000 3,300 $ x x Sackett Street 6/5/06 $1,300,000 2,800 $ x x Sackett Street 5/24/06 $964,000 1,610 $ x x Union Street 5/1/06 $1,700,000 3,325 $ x x Union Street 4/25/06 $1,300,000 3,500 $ x x Union Street 4/25/06 $1,021,700 2,568 $ x x Union Street 3/14/06 $1,305,000 2,972 $ x x Union Street 1/3/06 $1,135,000 1,696 $ x x First Half 2006
9 BROOKLYN Street/Avenue * Date Sold Price SqFt ** Price PSF Cobble Hill Amity Street 2/27/06 $3,625,000 5,000 $ x x Baltic Street 6/9/06 $2,525,000 3,840 $ x x Baltic Street 3/13/06 $2,035,000 1,675 $1, x x Cheever Place 3/29/06 $1,130,000 2,488 $ x x Clinton Street 1/26/06 $1,762,500 2,704 $ x x Verandah Place 2/16/06 $2,200,000 2,070 $1, x x Warren Street 3/22/06 $1,500,000 1,696 $ x x Warren Street 4/26/06 $1,750,000 1,450 $1, x 21 n/a 2 1 Warren Street 2/17/06 $1,895,000 2,760 $ x x Park Slope 10th Street 4/7/06 $1,875,000 3,205 $ x x th Street 5/11/06 $1,045,000 1,626 $ x x th Street 1/5/06 $1,600,000 2,494 $ x x th Street 3/16/06 $2,250,000 4,054 $ x x th Street 3/9/06 $860,000 1,938 $ x x th Street 3/31/06 $930,000 1,938 $ x x th Street 1/9/06 $1,160,000 2,376 $ x x th Street 6/2/06 $690,000 1,500 $ x x th Street 1/31/06 $630,000 1,856 $ x x th Street 6/5/06 $950,000 1,416 $ x x th Street 4/25/06 $925,000 1,584 $ x x th Street 4/26/06 $950,000 1,764 $ x x th Street 2/17/06 $815,000 1,562 $ x x th Street 1/25/06 $945,000 2,208 $ x x th Street 3/7/06 $1,334,000 1,755 $ x x th Street 3/15/06 $989,000 1,404 $ x x th Street 5/17/06 $1,256,000 2,850 $ x x th Street 1/26/06 $612,500 1,125 $ x x th Street 1/11/06 $900,000 1,440 $ x x th Street 2/27/06 $999,000 1,920 $ x x th Street 4/10/06 $1,525,000 1,920 $ x x th Street 3/31/06 $902,000 2,160 $ x x th Street 3/21/06 $790,000 1,801 $ x x th Street 2/6/06 $1,300,000 2,750 $ x x th Street 6/16/06 $1,766,000 2,880 $ x x First Half
10 BROOKLYN Street/Avenue * Date Sold Price SqFt ** Price PSF Park Slope 15th Street 2/22/06 $799,000 2,160 $ x x th Street 3/16/06 $805,000 2,160 $ x x th Street 5/12/06 $860,000 2,046 $ x x th Street 1/17/06 $890,000 2,244 $ x x th Street 1/27/06 $999,999 1,100 $ x x th Street 3/28/06 $1,185,000 1,872 $ x x th Street 4/25/06 $750,000 1,680 $ x x th Street 2/28/06 $445, $ x x th Street 2/28/06 $435,000 1,060 $ x x th Street 6/26/06 $625,000 1,060 $ x x st Street 5/25/06 $2,100,000 3,928 $ x x st Street 2/10/06 $3,100,000 4,620 $ x x st Street 3/28/06 $3,100,000 4,720 $ x x st Street 2/8/06 $2,270,000 4,810 $ x x rd Street 6/19/06 $2,850,000 4,552 $ x x th Street 2/27/06 $1,600,000 2,688 $ x x th Street 3/9/06 $1,557,500 2,940 $ x x th Street 2/2/06 $1,925,000 3,106 $ x x th Street 6/26/06 $2,280,000 3,668 $ x x th Street 4/27/06 $1,596,750 2,085 $ x x th Avenue 6/5/06 $2,275,000 3,360 $ x x th Avenue 2/21/06 $2,860,000 3,720 $ x x th Avenue 1/25/06 $1,845,000 2,364 $ x x th Avenue 3/14/06 $1,490,000 1,644 $ x x th Avenue 6/23/06 $1,315,000 1,824 $ x x th Avenue 4/10/06 $1,200,000 1,824 $ x x th Avenue 3/21/06 $474,294 1,920 $ x x th Street 3/24/06 $1,600,000 1,920 $ x x th Street 4/24/06 $1,550,000 1,920 $ x x th Street 3/24/06 $1,389,000 1,920 $ x x th Street 1/17/06 $2,200,000 3,744 $ x x th Street 6/2/06 $2,225,000 4,080 $ x x th Street 2/10/06 $1,460,000 2,976 $ x x th Street 2/2/06 $1,675,000 2,781 $ x x th Street 4/28/06 $2,225,000 4,120 $ x x First Half 2006
11 BROOKLYN Street/Avenue * Date Sold Price SqFt ** Price PSF Park Slope 8th Avenue 2/1/06 $1,195,000 2,080 $ x x th Street 5/9/06 $769,450 1,810 $ x x th Street 5/16/06 $1,333,000 2,508 $ x x th Street 2/2/06 $1,375,000 2,511 $ x x th Street 4/7/06 $1,050,000 2,874 $ x x th Street 2/10/06 $960,000 2,874 $ x x Butler Street 4/28/06 $950,000 3,256 $ x x Carroll Street 4/21/06 $1,150,000 2,080 $ x x Dean Street 1/27/06 $1,600,000 4,560 $ x x DeGraw Street 2/14/06 $1,100,000 2,565 $ x x DeGraw Street 6/7/06 $1,200,000 3,072 $ x x Garfield Place 4/3/06 $1,750,000 3,096 $ x x Garfield Place 5/12/06 $1,715,000 2,940 $ x x Garfield Place 4/21/06 $2,290,000 3,600 $ x x Garfield Place 4/24/06 $2,300,000 3,480 $ x x Lincoln Place 2/2/06 $2,000,000 3,840 $ x x Prospect Place 2/16/06 $1,995,000 2,880 $ x x Prospect Place 4/12/06 $1,125,000 2,910 $ x x St Johns Place 2/22/06 $2,725,000 4,296 $ x x St Marks Place 1/10/06 $835,000 2,700 $ x x St Marks Place 3/1/06 $1,225,000 3,180 $ x x Prospect Heights Bergen Street 3/20/06 $1,200,000 1,914 $ x x Carlton Avenue 3/10/06 $1,500,154 3,084 $ x x Dean Street 5/4/06 $1,150,000 3,200 $ x x Dean Street 5/24/06 $820,000 2,520 $ x x Park Place 4/11/06 $1,600,000 2,208 $ x x Park Place 5/3/06 $1,050,000 3,260 $ x x Park Place 6/9/06 $1,100,000 3,316 $ x x Park Place 5/31/06 $1,525,000 3,316 $ x x Prospect Place 1/18/06 $680,000 2,160 $ x x St Marks Avenue 2/16/06 $950,000 2,250 $ x x St Marks Avenue 2/7/06 $950,500 3,600 $ x x Sterling Place 2/24/06 $803,400 4,000 $ x x First Half
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